""I think what these guys are doing is really just like being able to be the translation agent between these two industries," said Sean Judge, general partner at Castle Island Ventures, in reference to the crypto and private credit sectors."
""Dougherty and Yarborough believe they can leverage their traditional finance pedigrees to become crypto's go-between for yet another Wall Street category.""
""Yarborough described their initial venture as focused purely on lending to crypto.""
Valinor has secured $25 million to bring private credit onto the blockchain, aiming to connect the private credit industry with the crypto market. The seed funding was led by Castle Island Ventures and included notable investors like Susquehanna's crypto arm. Co-founders Connor Dougherty and Lily Yarborough, with backgrounds in traditional finance and private credit, seek to act as intermediaries between these two sectors. The growing trend of 'translation agents' in finance includes major players like Nasdaq and banks exploring tokenization of assets and deposits.
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